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at the great hall of the people in beijing. the meeting happens every five years. delegates will approve new policies and appoint new party leaders for the five years to come. nhk world's james tengan is our guide to the congress. he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing. flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing antigovernment leaflets out of the windows of movi
of the chinese communist party opened thursday at the great hall of the people of beijing. the meeting happens every five years. delegates will approve new policies and appoint new party leaders for the five years to come. nhk world's james tengan is our guide to the congress. he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing -- flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing ant
. members of the communist par stay started their national congress last thursday in beijing. they're talking about the issues faced in different provinces and cities across their country. but they're having most intense discussions about who will be among china's next generation of leaders. party spokespersons confirmed the new leadership lineup will be unveiled thursday. nhk world's james tengan is in beijing covering the congress. james. >> reporter: the discussions and deal-making are coming the a climax. roughly 2300 delegates of the congress will pick about 200 members for the communist party central committee. then wednesday, the congress will close. the next day around 20 individuals from the central committee will be chosen to sit on the party's political bureau. after that officials further whittle down the list to see who will be on the plight bureau's standing committee, china's top decision making body. analysts say xi jinping will replay hu jintao in the job of general secretary. they also say the number of politburo standing committee members will be reduce prd the c
beijing. the handover of power in the world's most populous country has begun. out the when president hu jintao says -- threatened by inequality and corruption. >> if we fail to hand the corruption it could be fatal to the party and cause the fall of the state. >> i am david eades in london. also today -- barack obama back on familiar territory after his election triumph, but staring over a cliff with the countries finances. king of the road -- wiggins, toward france champion, knocked off of his bike. >> welcome to beijing where the process of installing the man who will lead this nation of 1.3 billion people over the next 10 years has begun. thousands of delegates from the communist party, the only party allowed here, of course, have gathered at the great hall of the people up the road. it comes at a crucial time. china's meteoric economic rise has meant a better life for hundreds of millions of people. but also creating huge inequalities. the outgoing president hu jintao admitted corruption was still a big problem and he says the failure to tackle it could prove failed -- fail to the p
. communist party members have been in beijing since thursday at their national congress. attendants are excited about the hottest topic on the table -- who will make up china's next generation of leaders. party officials will reportedly unveil the new lineup on thursday. but a human rights campaigner says the only way china can move forward is to move towards democracy. nhk world's makoto ota has his story. >> reporter: 29-year-old is one of the democracy activists being watched closely by the chinese government. he's been involved in environmental issues and also campaigned for the rights of hiv patients. in 2007, he was arrested after he criticized the government on the internet. he was charged with plotting subversion against the government. and in 2008, he was sentenced to 3 1/2 years in prison. he finally returned to his home in beijing in june last year. >> translator: the communist party doesn't care about people's suffering, only protecting its one-party dictatorship and its own profits. we must transform this country into a democracy. this will lead to benefits for every ch
>> spotlight on china. hundreds of foreign journalists are in beijing for the communist party's congress trying to cover a high-profile political transition that is playing out behind closed doors. welcome to nhk world "newsline." top leaders and officials from across china spent the day mapping out where their country will go over the next five years. the communist party's congress is now well under way. the political transition is both highry controlled and highly secretive. delegates discuss, debate, and make deals. and in the end, they unveil the next generation of leaders who would take power. the 18th congress of the chinese communist party opened thursday. it happens every five years. between now and next week, representatives will be approving new policies and appointing new party leaders. delegates from each of china's provinces held regional discussions friday. they talked about ways to fix the problems they face. nhk world's james tengan is in beijing covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got
. >>> spotlight on china. hundreds of foreign journalists are in beijing for the communist party's congress trying to cover a high profile political transition playing out behind closed doors. welcome to nhk world "newsline." top leaders and officials from across china spent the day mapping out where their country will go over the next five years. they are taking part in the communist party's congress. between now and next wednesday delegates will work out the details of china's transition of power, then will get official confirmation of who will be among the next generation of leaders taking control of this economic superpower. the 18th congress of the chinese communist party opened thursday. it happens every five years. between now and next week representatives will be approving new policies and appointing new party leaders. delegates from each of china's provinces held regional discussions friday. they went over the issues they're concerned about and talked about the ways to fix the problems they face. nhk world's james tengan is covering the congress. he joins us from beijing
beijing. >> reporter: foreign ministry spokesperson said president hu jintao and premier wen jiabao each sent a congratulatory message to president obama. >> translator: we intend to keep working with the united states to further develop our relationship and cooperation. >> but the new leaders in beijing may have to brace for increased from the pressure from the u.s. during obama's second term. chinese authorities recently boosted their presence in the east china and south china seas. obama has refocused u.s. attention on asia, by strengthening the military in the region. these moves have strained u.s./china ties. obama has criticized china for unfair trade practices. members of the u.s. congress share his view. they've decided some chinese business activities. human rights and democracy are also a point of difference. obama's secretary of state hillary clinton has been outspoken on these issues. china may disagree but its leaders could be confident a serious standoff with the u.s. is unlikely. the two countries economies are too intertwined. nhk world, beijing. >>> the heads of other na
transition of power. delegates are wrapping up their national congress in beijing. behind the scenes some are debating the extent of the leadership changes. many wonder whether hu jintao will attempt to keep hold of some power. delegates meet every five years for congress. they revise the party constitution to include president huh's theory. delegates will select about 200 members of the central committee. they will in turn select a new leader, something that only happens once in a decade. much has already been decided. communist leaders sent out signals for months that vice xi jinping will take over as the party's general secretary. the central committee will select the standing committee, the apex of power in china. nine people currently sit on the board. that could be reduced to seven. of the current members only xi and vice premiere lu are expected to remain. some insist he will retire to give the new leader greater influence over the military and a firmer grip on power. many in and outside china are curious about who will fill all of these leadership roles. a human rights campaigner
transition unfold in beijing. he joins us now. jam james. >> reporter: the communist party unveiled its new leadership a day after its long, week-long congress wrapped up. after many months of speculation, we found out who is taking charge in less than a minute. now the future of the world's most populous nation is in the hands of seven men. [ applause ] xi and six other senior officials appeared before the media inside the great hall of the people in beijing. >> translator: our responsibility is to rally and lead the party and chinese people of all ethnic groups. we take up the historical baton from the older generation. >> reporter: china's new leader vowed to take action on issues such as jobs, social security and corruption. >> translator: in the new environment, our party faces many tough challenges. there are numerous pressing problems within the party and senior ranks that need to be resolved, especially corruption and the acceptance of bribes. >> reporter: xi jinping is taking over the position of general secretary from hu jintao. he will lead the politburo's standing committee, chi
is in beijing covering all of this for us. >> people in china and abroad spent a lot of time speculating about this transition of power. but with just hours to go, few in this country of 1.3 billion know exactly what their leadership will look like when they wake up in the morning. that's being worked out behind closed doors. before those negotiations began, communist party members ended the meeting they hold every five years. about 2300 delegates gathered in the great hall of the people in beijing. the party's outgoing general secretary president hu jintao delivered his closing address. >> translator: all party members should unite under the party character hold high the great banner of socialism. >> president hu has managed to carve out a place alongside the communist party's past leaders. members of the congress agree to incorporate a concept he supports into party policy. it's known as the scientific outlook on development and advocates growth that takes into account social and environmental needs. delegates also voted to pick the roughly 200 members who will sit on the party's central com
in beijing for the 18th communist party congress. over the next week, the elite who control a nation of 1.3 billion people, will reflect on the past and chart a course for the future. here's an in-depth look on what's happening now in china. 2,200 delegates from across the country gathered inside the great hall of the people. they were chosen from more than 80 million party members across china. president hew jintao has led the party as secretary general for the last ten years. the vice president is also in attendance. he's expected to take over the top post from hu on thursday, a day after the congress ends. hu made his final speech as party head. he reflected on his ten-year term and spoke about the challenges awaiting the next leader. hu stressed the need to carry out reforms to stem growing public discontent. he called for a greater redistribution of wealth. hu spent about 90 minutes looking back at the past. he then spoke of future goals for china, which is already the world's second largest economy. hu spoke bluntly of china's regional aspirations and territorial disputes with japan
.m. in washington, 8:00 in the evening in beijing, where the communist party has almost completed the process of handing power over to the next generation of leaders. 2000 party delegates have been meeting for the last week, most of the time behind closed doors. the party congress has now concluded in the coming out of their new leadership lineup. >> as they stepped aside today, the outgoing chinese communist leaders congratulated themselves. under their watch, china has risen so fast that this century is often called china's century. an authoritarian model of the future. many in china, however, were not so confident. the new leadership, rubber stamp, will be unveiled to the world tomorrow with a question, can it continue to keep china's 1.3 billion people excluded from power? there is no sign that the party is willing to engage with those who want real change, like the nobel peace prize winner from china. he remains in this jail for calling for reform. >> people want more reform. people want democracy and freedom. for example, in the constitution it says that people have the right to freedom
transition unfold in beijing. >> reporter: the communist party unveiled its new leadership a day after its week-long congress wrapped up. after many months of speculation, we found out who is taking charge in less than a minute. now the future of the world's most populous nation is in the hands of seven men. xi and six other senior officials appeared before the media inside the great hall of the people in beijing. >> translator: our responsibility is to rally and lead the party and chinese people of all ethnic groups. we take up the historical baton from the older generation. >> reporter: china's new leader vowed to take action on issues such as jobs, social security, and corruption. >> translator: in the new environment, our party faces many tough challenges. there are numerous pressing problems within the party and senior ranks that need to be resolved, especially corruption and the acceptance of bribes. >> reporter: xi jinping is taking over the position of general secretary from hu jintao. he will lead the political bureau standing committee, china's main decision-making body. the numb
to achieve peace in the middle east. >>> the lead officials in charge of china are gathering in beijing to chart the country's future. the communist party is about to begin its transition of power. hu jintao and other leaders who had been at the top for a decade are stepping aside. the next generation is taking over. the 18th congress of the chinese communist party starts thursday. the meeting happens every five years. delegates will approve new policies and appoint new party leaders for the five years to come. chinese authorities waited until the eve of the congress to confirm details of this year's gathering. nhk world's michitaka yamaka in beijing has more. >> reporter: chinese communist party gathered in beijing's great hall of the people to make their long-awaited announcement. they said the national congress will start thursday and run for seven days. the meetings wraps up a ten-year-long, two-term rule of general secretary hu jintao and his associates. they led a nation that has become a global power. china is the world's second largest economy, but it has its share of problems.
would deal with beijing diplomatically. china is now the world's second largest economy. it's also strengthening its military power and it's growing more assertive in territorial disputes. professor zhao quansheng is an expert on asian policy at american university in washington, d.c. he says both obama and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia-pacific is a natural choice for the priority of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about -- i mean, u.s., china, japan. number one, number two, number three economies, all in asia pacific. >> reporter: zhao says the potential for conflict in the region remains but that the flash points have shifted. >> before there were two historically so-called hot spots may bring the two powers to war, one, korea peninsula, and the other, taiwan strait. but there are two new flashing points now. one is china sea, east sea, and, two, south china sea. >> reporter: the professor says chinese leaders will act more aggressively as their co
this report from beijing. >> he came to beijing 14 years ago as a migrant worker. he collects ravished. his earnings support his parents back home as well as his own family. he collects everything that can be recycled and sells it on to middlemen. they, too, are migrant workers. this is where he and his family live. down in the basement of this tenement blocks. he cannot afford a proper home. the damp cellar is divided into compartments, and his family's spot is below the stairs. he and his wife sleep on the bed with one of his sons. the others have to sleep on the floor. all around 100 people share the bathroom and toilet. an estimated 1 million people across the city live in similar conditions. >> of course we feel this is unfair. after all, we build all these large apartment blocks, and yet, there'sfor us. we even have to fight for this small space here. authorities often clear the basements, so we migrant workers are grateful to find any living space at all. >> a few blocks away, china's elite stutz the week at a popular beijing by. the interior was designed by philip stark. every table
of leaders will be chosen. bill whitaker is in beijing. >> reporter: by the time the people's congress ends next week, vice president xi jinping will be chine's new president. his job for the next decade? to keep this powerhouse economy growing and the communist party in power. i was last on assignment in china almost 20 years ago. a lot has changed in that time. i certainly have. who would have thought that a nation of more than a billion people, the most populous in the world... china has changed tremendously. back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between rich and poor, choking pollution, and a populous increasingly discontent about it all. >> they've got so many p
gathered in the great hall of the people in beijing. the party's outgoing general secretary tau delivered his closing address. >> translator: all party members should unite under the leadership. >> reporter: the president has managed to carve out a place. they've incorporated a concept he supports into party policy. it's known as the scientific outlook on development and it advocates growth that takes into account social and environmental needs. delegates also voted to pick the roughly 200 members who will sit on the party's central committee. the committee meets thursday to choose china's next generation of leaders. vice president shi jing ping is expected to become the primary party leader. >> reporter: really it's just a waiting game here in beijing. everyone is watching to see how the pieces of china's leadership puzzle will fall into place and who will secure a position at the top in the politiburo standing committee. >> reporter: the politiburo standing committee is the communist party's top leadership. right now nine of the party's more than 80 million members are in the politburo.
's lineup. beijing police are in lockdown mode. the country's preparing for a change of leadership. party officials want to ensure it goes off without a hitch. >>> and autonomy deal has paved the way for peace in the southern philippines, but will the deal hold? we'll take an in-depth look. >>> a piece of cinema history has risen from the ashes. it wiped out cambodia's film industry. a new documentary has rediscovered some forgotten classics. >>> first, the main news. security's tight in beijing. the communist party is opening its national congress on thursday. the delegates will approve a group of leadership in charge of the world's most populous country for the next ten years. party delegates gather for the congress every five years, but the leadership change is a once in a decade event. preliminary meetings are already under way. members of the party's central committee assembled on thursday. their job, to prepare the reports to the national congress in a draft of party rules. analysts say those taking part are engaged in last-minute bargaining over who should be included in the leader
takes charge in beijing. china's next president promises a new style of leadership. can he deliver it? the euro zone has gone back into recession for the first time since 2009. the country is facing the biggest protests against austerity cuts. across the 17 member states, output fell by 0.1% in the third quarter of the year. only germany and france managed to grow. our chief correspondent reports. >> going into reverse, the year as an economy has seen a second successive quarter of contracting output. between july and september, there was a fall of 0.1% in overall economic activity. more problems for the euro zone political leadership as they try to chart a course for the single currency. the german finance minister speaking at a business conference said the challenges ahead could be addressed. >> investors cannot ignore europe as the largest economic zone in the long run. or leave it out of their economic considerations. the world needs a strong europe. >> weaker economies brought down the performance of the euro zone. italian output fell by 0.2%. spain and saw the decline of 0.3. fr
. >> with the world's attention focused on the very top of the chinese leadership meeting here in beijing, we will be asking what life is like at the bottom. meeting card-carrying members of the communist party. >> welcome to "gmt." also on the program -- syrian were plans bomb a rebel-held town on the turkish border, killing six. floods in venice -- heavy rain and wind it wreak havoc in north and central italy. midday in london, 7:00 in the morning in washington and 8:00 in the evening in beijing where delegates of china's, this party have been deliberating. this week the focus on the world will be on the handful of men about to take their seats at the very top of china's, this party. but what about the other 82 million members. why did people join? do they still believe in communism? from the chinese capital -- interesting times, john. >> they are very interesting times. of course, the focus has been on the very few men at the very top of the party, for good reason. we have heard a lot less from ordinary chinese citizens this week because they have almost no say in the power transition taki
with beijing diplomatically. china is now the world's second largest economy. it's also strengthens its military power and it's growing more assertive in territorial disputes. professor sew cha chin is an expert on foreign policy at american university in washington, d.c. he says both obama and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia pacific is the natural choice for the policy of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about u.s., china, japan. number one, number two, number three economies, all in asia pacific. zhao says the potential for conflict remains but the flash points have shifted. >> before there were two historically so-called hot spots may bring the two powers to war, one, korea peninsula, and the other, taiwan strait. but there are two other points now, one east china sea, east sea and two, south china sea. >> the professor says chinese leaders will act more aggressively as their confidence grows. chinese officials will select a new leadership after the u.s.
and trade negotiator. the ministers agreed in may during talks in beijing to begin negotiations by year end. it took them a while to deliver on their promise due to disputes between japan and the two neighbors. japanese leaders are aiming to build on the fda talks to improve ties with china and south korea. the ten member association of southeast asian nations including japan, china an south korea will likely agree to start discussing a region wide economic partnership. moody's has downgraded france. it lowered its assessment from its highest level. the move comes amid ongoing certainty. moody's officials said they downgraded to double a one. that's one notch below the highest aaa. the french economy is looking at a decline in its long term growth potential. negative factors include rigid labor market and structure problems. this is the second time for french debt to be reduced from the highest rating. in january this year standard and poor's cuts its assessment of french gernment bonds. let's check on the markets now. tokyo stocks opened higher on tuesday morning regaining the 9,200 mark i
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's in beijing. we'll be right back. tdd#: 1-800-345-2550 let's talk about your old 401(k). tdd#: 1-800-345-2550 you know, the one that's been lying around. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 rollover your old 401(k) to a schwab ira, and we'll help you tdd#: 1-800-345-2550 find new ways to make your money work harder. tdd#: 1-800-345-2550 so if you're ready to teach your old 401(k) some new tricks... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 talk to chuck. tdd#: 1-800-345-2550 rollover your old 401(k) tdd#: 1-800-345-2550 to a schwab ira tdd#: 1-800-345-2550 and you can receive up to $600. tdd#: 1-800-345-2550 see schwab.com tdd#: 1-800-345-2550 for terms and conditions. tdd#: 1-800-345-2550 call, click or visit tdd#: 1-800-345-2550 to open an account today. good boy. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to
to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having trouble with your sound. we'll get the bite rolled as soon as we can. when we hear from -- i'd like to go back to eunice if we can to stay on this issue. but there's been a lot of focus in the last couple o
releases improved economic data on the second day of the congress. beijing inflation continues to cool. >>> and we'll hear from the cfo of alliance. >>> and credit agricole pay as steep price to exit greece. it posts a loss in its third quarter. >>> i'm afraid there's only one day left this week to enjoy the if stuff here on on "worldwide exchange." >> but there are two of us. you're back. >> i'm back here. eyes are getting better. >> glasses are gone. >>> so on today's program, we'll bring you live updates from beijing as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better tha
for a very popular event, the last u.s. presidential debate. this cafe is in beijing. millions of young chinese like university student wang hanyi are engrossed with the american presidential election. >> we just want to know like what is happening on the other side of the world. we are now living the realm of social media. it's much easier to get the information compared to the past. >> reporter: we met with wang and two other self-proclaimed political junkie, zhan a student and liu jinyang, a journalist. american politics, why. >> american elections is open and democratic. >> reporter: unlike chinese politics. two days after the u.s. pick a president, china has a ruler by a communist party process that is secretive an byzantine. the american process is wide open and accessible, even here in china. >> and we -- >> 29-year-old english teacher is like a pied piper, he downloads and translates american campaign speeches and debates to feed a growing on-line community of followers. >> they want to look with their own eyes and listen with their own ears and make their own judgement. >> repo
crowded into this cafe for a very popular event the last u.s. presidential debate. this cafe is in beijing. millions of young chinese like this university student are engrossed with the american presidential election. >> we just want to know what's happening on the other side of the world. we're now living in the realm of social media. much easier to get information compared to the past. >> reporter: we met with her and two other self-proclaimed political junkies. a student and a journalist. american politics? why? >> american election is open. >> reporter: unlike chinese politics. two days after the u.s. picks a president china picks new rulers by a communist party process that is secretive. the american process is wide-open and accessible, even here in china on the internet. >> we need to win that future. >> reporter: this 29-year-old english teacher is an internet political pied piper. he downloads and translates american campaign speeches and debates to feed a growing online community of followers. >> they want to look with their own eyes and listen with their own ears and make their o
pressure system which is actually causing heavy know in and around over the beijing area over the weekend. still bring in snow showers in northeastern china and north korea. snow will be continuing throughout the day, but thundershowers in south korea will be tapering off by this afternoon. sunny skies will be coming back to the okinawa islands as well as taiwan. but rain in southwestern china will spread towards the east. going to be seeing the heaviest rain today. temperatures will be quite warmer than yesterday in beijing. 11 degrees expected. tokyo slightly cooler than seasonal with high of 17 degrees. rain will be clearing up by this evening. all right. moving into the americas then. a low pressure system is moving into british columbia once again. that's going to produce coastal rain and heavy mountain snow. expected to see as much as 30 centimeters of snowfall in the next 24 hours. even vancouver and seattle will turn wet from tomorrow. and then we have another system moving along the u.s./canada border spreading rain in the north dakota and south dakota. and snow showers in centra
'm joined by our guest fresh off the plane from beijing. how much attention is this out of sync political and economic process that damien describes causing in china? >> the economy is doing reasonably well compared to the rest of the world. but they are in a slowdown. people are beginning to feel it. change is coming. what is really bothering people is the corruption. this came up in the president's speech today. >> how big a concern is it? how much do you encounter corruption day today in china? >> it is pervasive in local areas. it affects the common people a great deal. what is making a difference is the recent cases of senior officials, the amount of money that has been involved. they're fighting the activity of the relatives and the leaders. -- they are flagging the activity of the leaders and their relatives. greta i was surprised to see that you had written -- >> i was surprised to see that you had written that china spends more now on internal security, that its own military. that would suggest a hefty degree of unrest and security. >> this last year there or something like 160,0
creditor. the chinese central bank holds u.s. bonds worth more than $1 trillion in. that puts beijing in an unprecedented position of power which cannot use. if they sold these bonds, it would put washington under pressure. it would also harm chinese interests. it would see the value of its own investments tumbled. the fact that the western world 's #one superpower should find itself financially dependent on a communist state is one of the trials and tribulations of history. hopefully, there will be positive endings. >> there's i hope that washington and beijing could put an end to it this and focus more on common ground. >> a renewed labor conflict could be brewing in germany. new figures published look to fuel tensions over wage levels in the european leading economy. >> top managers have seen wages increase at but workers have seen their real wages shrink considerably. >> it must be nice being the boss in this global what economy. you get to tell people what to do and you get paid well. but for those working poor you, chances are it's got worse. global competition is putting down w
. >> elections chinese-style. the communist party votes for its new central committee as beijing's political transition moves ahead. >> picnics in persia -- a photographer explores the quiet defiance of everyday life. "stop these suicidal policies" -- that was the message from one spanish union leader as millions joint strikes this morning across southern europe. >> it is being called a european day of action and solidarity, and its target is the austerity that is sweeping the region. >> unions say the spending cuts and tax hikes are condemning their countries two years of recession and massive unemployment. >> in a moment, we will get the reaction from brussels and go live to madrid, but first, this report. >> protesters have come to vent their anger, and from early on, by a police in spain were braced for a long day -- riot police in spain were braced for a long day. unemployment stands at 25% in spain, the highest in the european union. every week brings fresh job cuts, and frustration is growing. spain's economy is set to shrink by another 1.5% this year. there were similar scenes in sev
to a conclusion. in a couple of hours, the communist party's new leaders will walk onto a stage in beijing and appear before the media. vice president xi jinping will likely be at the front of the line. he's expected to succeed president hu jintao as the party's general secretary. the party wrapped up its week-long national congress wednesday. the meeting is held every five years. delegates elected new members for the central committee. those members will meet thursday to choose the lineup for the party's political bureau and the core group of leaders who sit on the elite politburo committee. president hu, premier wen jiabao, and five members will retire. vice president show gin being and others are expected to remain and be joined by a new generation of leaders. analysts say xi will take over from hu as the president's general pear. president hu has held the position for tennessee years. >> translator: all party members should unite under the party leadership and with chinese character hold high the great banner of socialism. >> sources close to the party say the number of standing commit
powerful men in the world. >> today in beijing, he was named the general secretary of china's communist party. >> what they going to do with their power? we will be asking our correspondent in beijing in just a moment, but first, let's have a look at the new lineup. >> the leader of the new bureau standing committee had some stage. this is the world's first glimpse of the man who will lead china for least the next five years. she says the members have great responsibilities, but their main mission is to be united at a difficult time. >> our party faces many severe challenges, and there are also many pressing problems within the party that need to be resolved, particularly corruption, being divorced from the people, and going through formalities and bureaucracies caused by some officials. >> despite his call for action, most of the leaders are politically conservative. reformers were not included in the standing committee, meaning china is likely to stay on the same course. >> burma says it is releasing 452 prisoners as a goodwill gesture ahead of a visit by u.s. president barack obama.
agreed in may during talks in beijing to begin negotiations by year end. but it took them awhile to deliver on their promise due to territorial disputes. japanese leaders are aiming to build on the fda to improve its ties with china and south korea. also on tuesday in cambodia, the t ten-member association and regional partners including china and south korea will likely agree to start discussions discussing regional economic partnership. >>> now let's chick on the markets for this tuesday morning. first the u.s. markets posted gains for monday on politicians' remarks indicating they're ready to compromise to avoid the fiscal cliff. the dow jones industrial average gained by 1.6% to close at 12,795. all 30 components ended in the positive. the nasdaq also surged nodding a 2.2% rise. now for hus talks in japan. we go to ramin mellegard at the tokyo stock exchange. quite a solid move across the board in the u.s. >> definitely seeing a follow through yuko. let's go straight to the opening levels so you can see what i'm talking about for the nikkei and the topix for this -- for today
, invited by save the children to go -- this was for the first beijing women's conference to go to nepal and to go speak at the beijing women's conference. i then took my middle son who was 21 at the time. we did all of that. and it awakened me in a way i had not been awakened before about how women are treated all over the world. and the struggle of women. slowly but surely realizing that if women did not come to the table in a real way, statistics are staggering, that the world would always be in turmoil. that if women were allowed a place at the proverbial table, that the environment was better, that their villages and communities were stronger economically, that their children were healthy, that there was literally no down side. everything changed and made a more stable community. and you realize when women are subjugated and treated as fodder of war, and in this country when they are not allowed to be paid equally, there is a real problem in that. and until we can fight and scream and kick and demand a change. and women not be slaughtered. that there were 100 million women missing o
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